Cognizant ups 2017 guidance on stronger growth for digital business

Continues its cost reduction measures including headcount alignment

Cognizant Technology Solutions increased its lower end of guidance to grow between 9.5 to 10 per cent to $14.78 to $14.84 billion in 2017, as it sees more clients taking its digital offerings and packaged solutions across verticals.

The US-based Cognizant, which follows the model of Indian outsources of having a large talent pool in offshore locations such as India, saw third-quarter profits grow by11.5 per cent to $ 495 million and revenue by 9 per cent to $3.77 billion due to better business across verticals and faster growth from Europe.

Cognizant follows the January to December financial year. In